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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1833 messages, Last post on Nov 23, 2009 at 9:41 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: honmom (Oct 28, 2008 1:13 pm) I cannot work up a lease payment on the 2009 Odyssey that you described because I do not know its MSRP. Both the MSRP and selling price are necessary for the calculation. If you let me know what it is, I'll work up a lease on it for you. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 30, 2008 3:27 am) I just found the formula on Edmunds .com and will try to figure on my own. I will see if it matches what you say. When you say pre-tax do you mean before tax and I should pay tax up front, and on what number? Here is the latest and greatest quote with msrp. I am sure we are in the super credit tier. Note: we have pre-approval and waiver of security deposit. 09 Oddysey touring no pax. msrp $40,405 36 months 12,000 miles per year $563.05/month with tax included. The total due at signing is $1,018.05, includes the first payment, registration/ plates for 3 years ($262.50), NJ tire tax ($7.5) and the document.fee ($185). The lease is based on a selling price of $36,250. includes destination and delivery fee.
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Replying to: honmom (Oct 30, 2008 5:49 am) As far as sales tax goes, the method for calculating it varies from state to state. If you tell me what state you are in, I should be able to give you an idea of how it is calculated in your area or at least point you in the right direction. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hello, I live in eastern iowa, and have been emailing various dealers in the region trying to find a good deal on an Ody lease. I've got a credit score in the 700s (729 TU). Just curious what a good deal on a lease would be for an 08 EXL-RES for 36mo, 12k. Assume $0 down, 5% tax on full purchase price. If anyone has any input, I would greatly appreciate. Thanks! |
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Car_man Potamkin Honda Miami made me a 36 mo lease offer with the new money factor .00161 RV 52% MSRP $41,075 $549 plus tax Cap cost $37,105 Bank Fee $595 Cash at signing: $549 1st mo $699 dealer fee $595 bank fee $99 doc fee $23 electronic filing fee to the State? $6.50 disposal fee $1.50 lemon law book plus TTL I was able to have them take off the doc fee. I had them throw in mudguards, sunroof wind deflector and cargo board. They have agreed to $545 mo plus tax and will have the car waiting for me tomorrow. The only thing is that I don't think I should have to pay cash for the bank fee $595 if it is already included in the cap cost. Am I right?
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Replying to: ezbcpa (Nov 01, 2008 5:47 pm) $595 is aquisition fee ... standard fee in auto leasing. you don't pay upfront only If dealer built it into the lease and spread out for 3 years.
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Replying to: bigdadi118 (Nov 01, 2008 6:48 pm)
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Replying to: ezbcpa (Nov 02, 2008 8:27 am)
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Replying to: bigdadi118 (Nov 02, 2008 9:10 am) I mentioned the bank fee was already included in the lease payment and the manger said that is the way they have to do the calculation. What I was planning on doing is asking them to add all the cash due at signing to the cap so I can sign and drive. That detail will prove the $595 is in there twice. oops! I'm sure they have other things up their sleeve to charge me when I go to sign such as disposition fee and purchase option. Those are the other 2 things I will have to argue. The cap cost without the bank fee is $285 below invoice. That means his profit is $699 - $285 less the cost of the accessories. Not much. except for the holdback of 2% of of the sales price or a little less than $800. So I have a feeling it's not going to be easy. I'll let you know what happens. |
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I currently lease a Honda Odyssey and the 3 year lease is about to come to an end. The mini van is in relatively good condition - just some minor scratches and normal wear and tear. I'm considering on leasing another Odyssey EXL 2009 with DVD and Navi. The dealer (in Long Island - NY) quoted me $550/month, 12K and 36 months. Do you think this is a good deal? What is the current money factor and residual being offered for this car? They kept persisting that I consider the 2008 model, but I wasn't interested as I wanted to just focus on the 2009. Should I get any discount for being a previous customer (the Long Island dealer didn't mention anything to me)? Any suggestions will be helpful. Thanks.
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